Continue reading "Gifts With Reservation: A win for the taxpayer"
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Gifts With Reservation: A win for the taxpayer
Mary Ashley gives an update on the long-running case of Buzzoni v HMRC ‘Buzzoni provided a rare opportunity for the Court of Appeal to clarify how the gifts with reservation rules apply.’ The reservation of benefit rules in relation to inheritance tax (IHT) have always been a hiccup in the planning context. This has led …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Buzzoni & ors v HMRC [2013] EWCA Civ 1684; [2014] WTLR 421 CA
- Buzzoni v HMRC [2011] WTLR 1163 FTT(TC)
- Ingram v Commissioners of Inland Revenue [1998] UKHL 47